— Total spending of $280.5 billion, up $12.8 billion over last year.
— Deficit of $49.2 billion.
— Total debt rises to $566.7 billion.
— Basic personal income-tax exemption (the amount you can earn before paying any taxes) for 2010 rises to $10,382.
— $3.2 billion in personal income-tax relief, largely through raising the basic personal tax exemption and higher child benefits for parents.
— Plan to reduce the deficit to $1.8 billion by 2014-15, largely by ending stimulus funding next year and restraining program spending.
— $7.7 billion in stimulus money for infrastructure.
— $4 billion for extra EI benefits and training.
— Freeze on EI premium rate (paid by workers and employers) until the end of 2010. Rate will likely rise in 2011.
4 comments:
I hope Ignatieff introduces an amendment to extend the Home Renovation Tax Credit. There's no way the government would make it a confidence motion. They'd accept it just as they accept the amendment for report cards. But that amendment got us nothing! Extending the Home Renovation Tax Credit is both good policy and good politics. That's the type of politcs Ignatieff needs to push hard and at every opportunity.
Seems pretty reasonable LJ.
However this would be hardly a victory for Iggy. The other two opposition parties have said they will not support the budget. Iggy has been yet again forced to allow the Cons. to govern. I suppose though getting any concession out of the gov't is better than nothing in order to calm down his rabid caucus.
He has had more than a year now to organize a credible challenge to the current gov't.Yet even with a winter of bad press for Harper Iggy has nothing.
I suspect more than a few will lose patience with Iggy even though they allowed him to run uncontested for the job. It might be a rough spring for the opposition leader.
Home Reno Credit would be brilliant amend.
Check out page 10 of Ekos poll:
http://www.theglobeandmail.com/blogs/bureau-blog/conservatives-cling-to-post-olympic-halo-effect/article1489209/
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